Renewable & Alternative Energy Industry Market Research

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Alternative & Renewable Energy OVERVIEW

     Analysts at BP report that non-hydroelectric renewable power consumption grew by a respectable 14.1% worldwide during 2016 (the latest year for which data is available).
     North American consumption increased by a substantial 15.7%.
    World hydroelectric consumption increased by 2.8% during 2016.
     North American hydroelectric consumption decreased by 3.5%.
    Steady growth does not mean that renewables account for a large amount of the world's energy.
     Instead, non-hydroelectric renewables as a percent of global electricity generation accounted for about a 7.5% share in 2016, up from 6.7% in 2015.
     Coal and natural gas (and to a lesser extent, nuclear energy) remain the primary sources of electric generation in most of the world.
    electric production from renewable sources was 13.4% of total electric power in 2016, up from only about 7.6% in 1970.
     In this case, “renewable” includes conventional hydroelectric and geothermal, along with solar, wind and biomass.
     (In 1970, such production was almost entirely from hydroelectric sources.)Wind power has seen rapid growth worldwide.
     Major technological advances in wind turbines (including much larger blades creating very high output per turbine and blades that suffer very little downtime and are thus more efficient), along with massive government incentives encouraging investment in wind generation, have fueled turbine installation.
     The Global Wind Energy Council estimated total wind generation capacity worldwide at 486,800 megawatts in 2016, and forecast it to climb to 817,000 megawatts


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